Law Society Of British Columbia
- Assets
- $226.9m
- Revenue
- $49.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- Data as of
- 12/2023
- EIN
- 98-1548924
Organization Overview
Law Society Of British Columbia is located in null. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Law Society Of British Columbia is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Law Society Of British Columbia generated $49.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $39.7m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAW SOCIETY OF BRITISH COLUMBIA REGULATES THE LEGAL PROFESSION IN BC, PROTECTING THE PUBLIC INTEREST IN THE ADMINISTRATION OF JUSTICE BY SETTING AND ENFORCING STANDARDS OF PROFESSIONAL CONDUCT FOR LAWYERS. THE LAW SOCIETY ALSO BRINGS A VOICE TO ISSUES AFFECTING THE JUSTICE SYSTEM AND THE DELIVERY OF LEGAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULATION PROGRAM SERVICES INCLUDE RECEIVING AND INVESTIGATING COMPLAINTS ABOUT LAWYER CONDUCT, MEETING AND REVIEWING WITH MEMBERS TO DETERMINE WHETHER DISCIPLINARY ACTION IS REQUIRED, DETERMINATION OF THE DISCIPLINARY ACTION THROUGH INVESTIGATIONS, LEGAL PROCEEDINGS AGAINST MEMBERS, AND ACTING AS CUSTODIAN WHEN LAWYERS CANNOT CONTINUE TO PRACTICE DUE TO ILLNESS, DEATH OR DISCIPLINARY ACTIONS.
INDEMNIFICATION PROGRAM PROTECTS THE PROFESSION AND THE PUBLIC FROM THE RISKS ASSOCIATED WITH THE PRACTICE OF LAW BY PROVIDING HIGH QUALITY LIABILITY INDEMNITY COVERAGE FOR LAWYERS. THE PROGRAM DELIVERS CLAIMS AND RISK MANAGEMENT AND UNDERWRITING SERVICES.
EDUCATION & PRACTICE PROGRAM SERVICES INCLUDE SUPPORT TO LAWYERS FOR ALL INQUIRIES AND ACTIVITIES RELATING TO FEE BILLINGS, STATUS CHANGES, UNCLAIMED TRUST FUNDS AND THE ADMINISTRATION FOR THE REPORTING OF CONTINUING PROFESSIONAL DEVELOPMENT. IT ALSO INCLUDES ENSURING NEW AND TRANSFERRING LAWYERS ARE PROPERLY QUALIFIED TO PRACTICE LAW, ADMINISTRATING THE PROFESSIONAL LEGAL TRAINING COURSE TO PROSPECTIVE LAWYERS, AND PROVIDING LAWYERS WITH REMEDIAL PROGRAMS TO THOSE IDENTIFIED THROUGH PRACTICE REVIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Avison Kc Ceo, Executive Director | Officer | 35 | $293,974 |
Adam Whitcombe Kc Deputy Executive Director, Deputy CEO | Officer | 35 | $234,160 |
Su Forbes Kc Chief Operating Officer, Lif | Officer | 35 | $210,625 |
Jeanette Mcphee Cfo/ Director Of Trust Regulation | Officer | 35 | $207,992 |
Natasha Dookie Chief Legal Officer | Officer | 35 | $205,770 |
Gurprit Bains Deputy Chief Legal Officer | Officer | 35 | $170,802 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dentons Canada Llp Legal Services | 12/30/23 | $865,253 |
Mcewan Cooper Dennis Llp Legal Services | 12/30/23 | $609,409 |
Nathanson Schachter And Thompson Llp Legal Services | 12/30/23 | $550,189 |
Webster Hudson & Coombe Llp Legal Service | 12/30/23 | $625,273 |
Reotech Construction Ltd Building Maintenance | 12/30/23 | $617,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,326,699 |
| Investment income | $9,106,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $730,678 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,485,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,626 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,946,091 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,596,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $604,701 |
| Payroll taxes | $1,346,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,948,824 |
| Fees for services: Accounting | $108,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,386,971 |
| Fees for services: Other | $1,264,102 |
| Advertising and promotion | $0 |
| Office expenses | $1,015,769 |
| Information technology | $874,154 |
| Royalties | $0 |
| Occupancy | $1,274,763 |
| Travel | $340,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,299 |
| Interest | $775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,222,016 |
| Insurance | $1,664,484 |
| All other expenses | $4,708,205 |
| Total functional expenses | $39,726,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,483,591 |
| Savings and temporary cash investments | $17,849,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,445,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,497,590 |
| Net Land, buildings, and equipment | $7,985,739 |
| Investments—publicly traded securities | $189,749,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $671,044 |
| Other assets | $1,171,034 |
| Total assets | $226,853,629 |
| Accounts payable and accrued expenses | $69,461,828 |
| Grants payable | $0 |
| Deferred revenue | $18,042,286 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,744 |
| Total liabilities | $87,546,858 |
| Net assets without donor restrictions | $139,306,771 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $226,853,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|